Oct032014
Posted at 11:03 AM
Today is Manufacturing Day and that’s the perfect time to brush up on your factory factoids. Here are some data nuggets produced by the Bureau of Economic Analysis that might surprise you:
- From 2009 to 2013, U.S. manufacturing grew by 12.9 percent.
- In 2013, manufacturing accounted for almost $6 trillion in gross output, or sales, and more than $2 trillion in U.S. GDP.
- That same year, more than 12 million full- and part-time employees worked at U.S. manufacturing plants.
- From 2009 to 2012, exports of manufactured goods increased from $0.7 trillion to $1.0 trillion.
The first two facts come from BEA’s GDP by industry data, which are now available on a quarterly basis. The next installment comes out Nov. 13. The third one comes from BEA’s GDP accounts. And, data on exports of manufactured goods can be found in the monthly trade report produced jointly by BEA and the U.S. Census Bureau.
Want to know where manufacturing plays the biggest role in state and regional economies? You can rely on BEA data to answer that question.
In 2013, Indiana ranked highest in the concentration of manufacturing, followed by Oregon, Louisiana, and North Carolina. According to the BEA’s GDP by metropolitan area data released Sept. 16, the Elkhart-Goshen, Indiana and Kokomo, Indiana metro areas had the highest manufacturing concentration in the nation, followed by the Lake Charles, Louisiana metro area.
Providing businesses and individuals with the statistics they need to compete in the global marketplace is one way that BEA is helping to unleash the power of data for American businesses. The Commerce Department’s‘ Open for Business Agenda’ prioritizes unleashing more data and making it more accessible so it can catalyze the emergence of new businesses, products, and services. Data from the Commerce Department, America’s data agency, enable start-ups, move markets, and power both small and multi-billion dollar companies.
